26 Facts About Warren Coats

Warren Coats retired from the International Monetary Fund in May 2003 to join the board of directors of the Cayman Islands Monetary Authority.

Warren Coats is president of Economic Consulting, providing technical assistance to central banks, and until recently was adviser to the central banks of Afghanistan and Kazakhstan.

From 1960 to 1962, Warren Coats attended Bakersfield College, where he co-founded and edited the Weekly Blatt, an underground weekly campus newspaper dedicated to presenting conservative and libertarian political perspectives on current events.

Warren Coats was an assistant professor of economics at the University of Virginia from 1970 to 1975 and assistant chairman of the economics department in 1975.

Warren Coats joined the IMF at the beginning of 1976 and became chief of the Special Drawing Rights division in the finance department in 1983.

Warren Coats is author of two books and editor or co-editor of three books on money and banking topics and more than two dozen articles on the SDR and other monetary topics.

In January 1992, Warren Coats rejoined what is the Monetary and Capital Markets Department in the IMF to lead a technical assistance mission to Bulgaria followed by back-to-back missions to Kazakhstan and Kyrgyzstan.

Warren Coats's career focused on an intensive program of developing new central banks and currencies that lasted beyond his retirement.

Warren Coats has led more than 70 missions that have provided practical advice and assistance to central banks around the globe often under crisis conditions.

Warren Coats supervised the establishment of new central banks in Bosnia and Herzegovina and the West Bank and Gaza Strip, and the reestablishment, transformation, and development of the payment and banking systems in Kosovo, and helped Kazakhstan, Kyrgyzstan, and later Bosnia and Herzegovina and South Sudan introduce their own currencies.

Warren Coats has written on various monetary theory and policy issues, including digital money and inflation targeting.

Warren Coats edited a book on Inflation Targeting in Transition Economies published by the IMF and the Czech National Bank and co-edited a book on the same subject published by the Czech National Bank in 2003.

At a widely attended press conference in Kabul in January 2002, Warren Coats was asked by Mark Landler, a New York Times reporter whether the IMF was recommending that Afghanistan replace the existing currency with US dollars.

Warren Coats responded that dollarization was one of the options under consideration.

At the time he retired from the IMF in May, 2003, to become a Director of the Cayman Islands Monetary Authority, Warren Coats was the assistant director of the Monetary and Capital Markets Department.

Warren Coats was a visiting economist at the Board of Governors of the Federal Reserve System in 1979 and was seconded to the World Bank for one year to help write the 1989 World Development Report on the Financial System.

Warren Coats's consulting assignments have included Afghanistan, Albania, Iraq, Kenya, Zimbabwe, Yemen, and South Sudan.

Warren Coats is a member of Alpha Tau Omega, American Economic Association, The Mont Pelerin Society, Order of the Golden Bear, The Philadelphia Society, and the Western Economic Association International,.

Warren Coats's honors include Kyrgyzstan's Certificate of Honor, presented by President Askar Akaev in Bishkek in 1997, in recognition of his work to prepare Kyrgyzstan to introduce its own currency, and he was inducted into Confrerie de la Chaine des Rotisseurs in Sofia, Bulgaria, in 1999.

Warren Coats has been a fellow of Johns Hopkins Zanvyl Krieger School of Arts and Sciences, Institute for Applied Economics, Global Health, and the Study of Business Enterprise since 2018.

Warren Coats received the 2019 Central Banking Award for Outstanding Contribution for Central Bank Capacity Building.

Warren Coats ended seven years on CIMA in 2010 and joined the editorial board of the Cayman Financial Review soon thereafter.

Warren Coats provided technical assistance to the central bank of Afghanistan and was part of the IMF country team as a consultant, negotiating a program with Afghanistan that can be supported with an IMF Extended Credit Facility, including the resolution of Kabul Bank from 2005 to 2013.

Warren Coats was part of a Deloitte team financed by United States Agency for International Development helping the new government of South Sudan prepare for independence by establishing a new central bank and issuing a new currency from 2009 to 2011.

Warren Coats is a visiting scholar in the Institute for Capacity Development Department of the International Monetary Fund, and an Overseas Development Institute advisor to the UN OCHA on Yemen, October 2018 to March 2019.

Warren Coats presented proposals for a hard SDR issued by a global currency board at a G20 High Level Seminar on the Reform of the International Monetary System in Nanjing, China, on March 30 of 2011, on May 4,2011, in Astana, Kazakhstan, on July 1,2011, in Buenos Aires, Argentina and at the May 20,2019 Fort Worth, Texas, Mont Pelerin Society meeting.